Citi
FX Concepts hires in options
FX Concepts, a New York-based currency manager, has hired two options specialists to enhance its quantitative research, foreign exchange options and non-directional strategies management.
Forex forwards head leaves Citigroup
Vincent de Lorenzo, head of foreign exchange forwards trading at Citigroup in New York, left the bank earlier this month, a source at Citigroup told RiskNews' sister publication, FX Week .
BarCap appoints head of foreign exchange strategy
David Woo will take charge of foreign exchange strategy as a director for Barclays Capital in London, effective June 9.
The Enron effect
Lawsuits filed by investors in Enron against two of the fallen energy giant’s arranging banks, Citigroup and JPMorgan, have called into question the very structure of investment banking in the US, as John Hintze discovers
Caxton quant to join Citi hedge fund
Tanya Beder, head of quant trading at hedge fund Caxton in New York, is to leave the company to join Tribeca Investments, another hedge fund and part of Citigroup Alternative Investments, as chief executive officer.
Martin Wiedmann leaves UBS
The departure of Martin Wiedmann from UBS in Zurich last week sparked a guessing game among his peers over which bank he is set to join, reports RiskNews ' sister publication FX Week .
Banks draw up EU25 battle plans for FX
Far-sighted banks and brokers are drawing up their foreign exchange battle plans for the Europe that will be enlarged by the ten new member states joining this weekend, reports RiskNews' sister publication FX Week .
HSBC names new London chief
HSBC will have a new head of European and Middle Eastern foreign exchange in London in early May, when Andrew Brown transfers from Hong Kong to take on the key role, reports RiskNews' sister publication, FX Week .
Forex profits soar as funds up risk
Citigroup and State Street both reported surges in first-quarter foreign exchange revenue last week on the back of increased activity from fund managers, senior officials told RiskNews’ sister publication, FX Week .
ScotPower’s £400m dollar hedging boon
International energy firm ScottishPower said last week it made £400 million ($728 million) from hedging its US dollar revenues.
SEC capital rules proposals provoke heavy industry criticism
The capital adequacy rules proposed by the US Securities and Exchange Commission (SEC) have ignited a flurry of criticism from both US and European commentators.
Bank of Israel signs up for SuperDerivatives
The Bank of Israel, Israel’s central bank, has adopted UK-based technology vendor SuperDerivatives' foreign exchange option pricing and analytics system.
Deutsche closing gap on Citi?
Deutsche Bank could be about to close the forex-earnings gap with rival Citigroup, if foreign exchange figures match the 33% dollar-terms improvement in its debt group, announced last week, reports Risk's sister publication FX Week .
Citi launches website for European investors
Citigroup has launched a new website targeted at European retail and institutional investors in warrants and certificates.
More banks putting capital into research
ABN Amro and Barclays Capital are among the increasing number of banks putting money on their trade recommendations for foreign exchange, reports Risknews’s sister publication FX Week . Both have allocated money to start trading on model portfolios this…
G-10 trade keeps Citi earnings stable
Opportunities in the Group of 10 currencies and efficiency gains from electronic trading helped maintain Citigroup’s strong foreign exchange earnings in 2003, reports Risknews' sister publication, FX Week .
JP Morgan Chase set to increase lead as largest US derivatives bank
JP Morgan Chase, the bank with the largest exposure to derivatives in the US, is set to increase its lead with the takeover of Bank One. The derivatives exposure of the combined banks will approach $35.5 trillion, nearly 54% of the combined value of the…
iBoxx developing credit futures contract
Three investment banks behind credit default swap (CDS) index provider iBoxx – ABN Amro, Citigroup and Deutsche Bank – today jointly announced the development of a new credit futures contract.
UBS ousts Citi from top spot in forex
UBS is the best bank in foreign exchange, according to a poll of nearly 1,000 voters conducted by RiskNews sister publication FX Week .
Speakers voice synthetic credit and capital structure arbitrage fears
A number of speakers at Risk ’s Credit Risk Summit USA 2003 voiced concerns about investments in credit derivatives and capital structure arbitrage yesterday. Sivan Mahdevan, an analyst in Morgan Stanley’s credit derivatives research group, when opening…
Barcap nabs Citigroup equity derivatives salesman
Barclays Capital, the investment banking division of Barclays Bank, has appointed Andrew Stonely from Citigroup as a director in equity derivatives sales. He will be responsible for developing the European equity derivatives flow business.
Barrier to entry
Bank of America and UBS are still trying to overcome obstacles that could prevent them entering physical power trading in the US. Federal Energy Regulatory Commission regulations represent the biggest obstacle. Paul Lyon reports
HSBC hires three for structured products business
HSBC has bolstered its structured products business in Asia, with the addition of new hires from three of its regional rivals, Citigroup, Deutsche Bank and JP Morgan Chase.
Citi grabs King to head credit research group
Citigroup has hired Matthew King as head of quantitative credit strategy in Europe from JP Morgan Chase.